Is Big Brother watching you, ready to arrest you if you apply for a payday loan? Think twice if you live in Arkansas. Payday lending is illegal in Arkansas. That is scary. To think our government can shut down free enterprise is insanity. The Payday Advance Customer Bill of Rights was designed to help protect loan customers. Some states, like Arkansas, are stripping their hard-working citizens of these rights and other loan protections guaranteed by federal law.

Consumers Deprived Of Federal Loan Protections
Earlier this year, DailyDollar informed you about payday loan law changes in Mississippi (next door to Arkansas) which lowered loan fees. The elected officials in Arkansas prefer that you get your loans from Tony Soprano and risk life and limb if you have trouble paying back. Arkansas would rather their citizens not have access to federally mandated loan disclosures that protect consumers.

Payday loans are not your first choice – they are a loan of last resort – a source you seek because a bank loan or credit card is not an option. The high and mighty politicians in Arkansas, and other states, have deemed fit to strip consumers of that option. Now, your only option for a loan is your local shark. Does that sit right with you?

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